An analysis from University of Chicago economics professor Casey Mulligan found that President Joe Biden’s “Build Back Better Act” could increase childcare expenses by more than 120%.
The multitrillion-dollar bill — which contains many portions of President Biden’s economic agenda — would introduce or expand various federal programs, including universal preschool, childcare subsidies, and climate change initiatives.
In an op-ed for The Wall Street Journal written by Mulligan — who also served as chief economist for the Council of Economic Advisers during the Trump…
